Finance question
Can I finance mining equipment?
Yes. Mining equipment is financed on the asset itself, from crushers and drills to haul trucks and loaders. Asset finance runs up to $500,000 secured by the machine, and larger plant can be funded through property-backed finance up to the $5 to 6 million range.
Get your free rate quote
Tell us a few details and we will come back with your indicative rate. No obligation.
Thanks, we are on it
Your enquiry is in. Our team will be in touch shortly with your indicative rate and next steps.
The short answer
The machine secures the finance
Mining and resource equipment is financed the same way other plant is, with the machine itself as security. Because the asset carries the loan, the lender's risk sits in the equipment, not only in your balance sheet. That covers crushers, screens, drills, haul trucks, loaders and support plant, new or used, whether you are buying outright or replacing an ageing unit on site.
Asset finance runs up to $500,000 and often low-doc or no-doc, with approvals inside 24 to 48 hours, so a machine can be funded quickly when a contract depends on it. For larger, higher-value plant that sits above that figure, property-backed finance can fund the deal up to the $5 to 6 million range at single-digit rates, secured against residential or commercial property.
Ventas is a broker across 40+ lenders, not a single bank with one policy. We match the machine, its age and hours, and your paperwork to the lender with the right appetite, subject to lender assessment. There is no upfront fee to you; the lender pays us on settlement, so our job is to structure the deal and put it in front of the lender most likely to say yes.
Do you qualify?
What a mining equipment deal usually needs.
A specific machine
The plant being financed, which secures the loan.
An active ABN
Sole traders and companies both qualify.
New or used
Both are financed on the asset value.
Property for larger deals
Real estate can back plant above $500,000.
Why mining plant finances on the asset
Security in the machine
The equipment carries the risk, not just your figures.
Two routes to fund
Asset finance to $500,000, property-backed to the $5 to 6 million range.
New or used
Age and hours are priced by the right lender, not an automatic no.
A real example
An operator needs a used loader listed at $180,000. Financed on the machine itself, low-doc, approved inside 48 hours, with the loader as the security. A larger crushing plant above that figure would instead be structured against property to reach the higher amount. Illustrative only.
Common questions
Frequently asked questions
Can I finance used mining equipment?
Often yes. New and used plant are both financed on the asset value, subject to lender assessment.
What if the machine costs more than $500,000?
Larger plant can be funded through property-backed finance, up to the $5 to 6 million range at single-digit rates.
Do I need full financials?
Often no. Many asset-finance deals run low-doc or no-doc.
How fast can it be approved?
Many asset-finance deals are approved within 24 to 48 hours.